{"id":4664,"date":"2024-03-20T16:28:39","date_gmt":"2024-03-20T16:28:39","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=4664"},"modified":"2024-03-20T16:28:44","modified_gmt":"2024-03-20T16:28:44","slug":"starknet-aims-for-speed-boost-with-parallel-execution-feature","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/starknet-aims-for-speed-boost-with-parallel-execution-feature\/","title":{"rendered":"Starknet Aims for Speed Boost with &#8216;Parallel Execution&#8217; Feature"},"content":{"rendered":"\n<p>Starknet, an Ethereum layer-2 network celebrated for its recent $2.3 billion STRK token airdrop, is set to enhance its platform with a new feature known as &#8220;parallel execution.&#8221; This upgrade, part of Starknet&#8217;s 2024 roadmap and expected to launch in the second quarter, promises to significantly increase transaction speeds and efficiency by allowing for simultaneous transaction processing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-multitasking-for-rollups\">Multitasking for Rollups<\/h2>\n\n\n\n<p>Dubbed as &#8220;multitasking for rollups,&#8221; this feature aims to address and alleviate bottlenecks that currently slow down transaction flows. Eli Ben-Sasson, CEO of StarkWare and a Starknet Foundation board member, likened the upgrade to expanding a subway station&#8217;s entrances to better manage congestion, ensuring smoother and more rapid transit of transactions through the network.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-improving-throughput-and-finality\">Improving Throughput and Finality<\/h2>\n\n\n\n<p>The incorporation of parallel execution into Starknet&#8217;s sequencer\u2014a crucial layer-2 component that aggregates transactions for final settlement on the Ethereum network\u2014will notably enhance the platform&#8217;s throughput and the speed of L2 finality. This move is geared towards mirroring the performance advantages seen in rival blockchain networks like Solana, known for their quick and cost-effective transaction capabilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-starknet-s-position-and-future-plans\">Starknet&#8217;s Position and Future Plans<\/h2>\n\n\n\n<p>Although currently ranked sixth in total value locked (TVL) among layer-2 networks, with a TVL of $1.4 billion according to L2Beat, Starknet stands as the largest among ZK Rollups. These networks utilize zero-knowledge cryptography for expedited settlements. Beyond parallel execution, Starknet&#8217;s roadmap includes initiatives aimed at reducing fees for its users, such as the &#8220;Volition&#8221; project for data availability and &#8220;DA compression&#8221; to minimize the network&#8217;s data footprint on Ethereum, thereby translating to lower costs for end users.<\/p>\n\n\n\n<p>This suite of upgrades underscores Starknet&#8217;s commitment to enhancing scalability, speed, and affordability, bolstering its competitiveness in the crowded Ethereum layer-2 landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starknet, an Ethereum layer-2 network celebrated for its recent $2.3 billion STRK token airdrop, is set to enhance its platform with a new feature known as &#8220;parallel execution.&#8221; This upgrade, part of Starknet&#8217;s 2024 roadmap and expected to launch in the second quarter, promises to significantly increase transaction speeds and efficiency by allowing for simultaneous [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":4666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-4664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Starknet Aims for Speed Boost with &#039;Parallel Execution&#039; 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